The Buzz | Man arrested after discovery of USD20M cash held without bail
A Brazilian man arrested in connection with the discovery of about USD20 million in cash hidden inside a box spring in a Massachusetts apartment has been held without bail.
A judge ruled that 28-year-old Cleber Rene Rizerio Rocha is a flight risk and held him on a charge of conspiring to commit money laundering.
Prosecutors say Rocha was part of a scheme to transfer millions of dollars to Brazil by laundering the cash through Hong Kong. The money was from TelexFree, a defunct internet phone company authorities say was a massive pyramid scheme.
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